Canada First Home Savings Account now available What you need to know

Canada First Home Savings Account now available What you need to know

Canadians struggling to save for a downpayment on their first home have a new option in the form of the First Home Savings Account FHSA which allows them to save up to $8,000 per year tax free towards a downpayment and has been introduced by the Canadian government as part of the 2022 federal budget

Canada Dilemma Lower Home Prices or Higher Immigration

Canada Dilemma Lower Home Prices or Higher Immigration

As Canada prepares to welcome nearly 1.5 million new immigrants by 2025 the country faces a stark dilemma it cannot simultaneously accommodate this influx of new residents and lower its soaring home prices without significant changes to its housing policies